Rupali PruthiAssistant Manager - Editorial
LIC offers its employees a good salary along with various allowances and perks. These factors are the reasons a huge number of applicants apply for the LIC ADO exam every year. LIC ADO salary and allowances are remunerated on a monthly basis. We will discuss LIC ADO salary in detail in this article.
LIC ADO Salary
APPRENTICESHIP PERIOD: During the apprentice period, the candidate selected as Apprentice Development Officer will be paid a fixed amount as stipend per month as per the rules of the Corporation. At present, the amount of stipend is about Rs 34,503 per month for open and agent category candidates. Candidates from the employee category will receive as per norms and based on their previous emoluments.
PROBATION PERIOD: A Probationary Development Officer will be placed in the scale of ₹ 21865-1340(2)-24545-1580(2)-27705-1610(17)-55075 along with various allowances and other benefits as per norms. The basic pay will stand at Rs 21,865 per month (except for Employee Category candidates). Total remuneration, in this case, will be of Rs 37,345 in ‘A’ Class City after the addition of various allowances.
LIC ADO Allowances
Apart from the basic pay, LIC ADO post holders are eligible to receive various allowances. Get all details regarding LIC ADO allowances below:
| LIC ADO Allowances |
Details |
|---|---|
| Dearness Allowances (DA) |
The DA is revised quarterly based on the Consumer Price Index. 40% of the entire salary is DA for LIC ADO employees. |
| House Rent Allowances (HRA) |
The HRA depends on the location of posting. LIC ADO HRA is approved in the range of 9%, 8% or 7% of the LIC AAO Basic Pay as per the type of city. |
| City Compensatory Allowances(CCA) |
CCA depends on the location of posting and can be 4%, 3% or 2% of the LIC AAO Basic Pay. |
Read More: LIC ADO application 2020
LIC ADO Salary: Other Benefits
LIC ADO employees are entitled to get following benefits apart from basic pay and allowances:
- Gratuity
- Defined Contributory Pension Scheme
- LTC
- Medical Benefit
- Group Insurance
- Group Personal Accident Insurance
- Vehicle Advance (2-wheeler/4-wheeler)
- Reimbursement Towards the Cost of Brief Case/leather bag
- Mobile Handset
- Supply of Dailies as per Rules and on Confirmation in Service
- Attractive Performance Linked Incentives
LIC ADO Career Growth
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LIC ADO Exam
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